The Detail
It has taken a few years but the Australian Heavy Steer has now moved back into discount price spread territory compared to it’s equivalent US counterpart, the Choice Fed Steer. In mid-2020 tight domestic supplies and the beginnings of a herd rebuild saw the Australian Heavy Steer price move ahead of the US Choice Fed Steer, holding a premium price through to mid-2022.
Foot and mouth disease concerns hit the Australian market during July 2022, which saw saleyard cattle prices tank, albeit briefly. Additionally, there were a few weeks of low saleyard volumes of cattle that met…
